U.S. Ammonium Sulfate Market Size & Outlook, 2023-2030
U.S. ammonium sulfate market, 2018-2030 (US$M)
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U.S. ammonium sulfate market highlights
- The U.S. ammonium sulfate market generated a revenue of USD 1,923.1 million in 2023 and is expected to reach USD 2,373.6 million by 2030.
- The U.S. market is expected to grow at a CAGR of 3.1% from 2024 to 2030.
- In terms of segment, solid was the largest revenue generating type in 2023.
- Liquid is the most lucrative type segment registering the fastest growth during the forecast period.
Ammonium sulfate market data book summary
| Market revenue in 2023 | USD 1,923.1 million |
| Market revenue in 2030 | USD 2,373.6 million |
| Growth rate | 3.1% (CAGR from 2023 to 2030) |
| Largest segment | Solid |
| Fastest growing segment | Liquid |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solid, Liquid |
| Key market players worldwide | Basf SE, Evonik Industries AG, Lanxess AG, Novus Holdings Ltd, Sumitomo Chemical Co Ltd, Honeywell International Inc, Koninklijke DSM NV |
Other key industry trends
- In terms of revenue, U.S. accounted for 9.7% of the global ammonium sulfate market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. ammonium sulfate market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,258.0 million by 2030.
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Ammonium Sulfate Market Scope
Ammonium Sulfate Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. ammonium sulfate market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ammonium sulfate market will help companies and investors design strategic landscapes.
Solid was the largest segment with a revenue share of 78.08% in 2023. Horizon Databook has segmented the U.S. ammonium sulfate market based on solid, liquid covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. has one of the dominating agrochemical industries in North America. According to the U.S. Department of Agriculture, 19.7 million full-time & part-time jobs were related to the agricultural & food sectors in the country which accounted for 10.3% of the total U.S. employment. Around 2.6 million jobs out of 19.7 million accounted for direct on-farm employment.
Corn, wheat, soybeans, and cotton hay are the major crops grown in the U.S. The U.S. dominates the North American fertilizer market and is the largest producer and exporter of phosphorus and ammonia in the world. The country has witnessed a revival in the agricultural sector which has led to the increasing demand for fertilizers, and in turn, ammonium sulfate-based fertilizers.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. ammonium sulfate market , including forecasts for subscribers. This country databook contains high-level insights into U.S. ammonium sulfate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. ammonium sulfate market size, by type, 2018-2030 (US$M)
U.S. Ammonium Sulfate Market Outlook Share, 2023 & 2030 (US$M)
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